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Tag: tax liability

On discarding indexation for long-term capital gains | Explained

Posted on July 31, 2024 By admin
On discarding indexation for long-term capital gains | Explained

For representative purposes. | Photo Credit: Getty Images The story so far: Finance Minister Nirmala Sitharaman’s announcement in the Union Budget about doing away with indexation for computing long-term capital gains (LTCG) tax has not drawn much enthusiasm. She had proposed that long-term gains on all financial and non-financial assets would now be taxed at…

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